Young man, do you buy gold jewelry?In 2021, China’s gold jewelry consumption reached 711.3 tons, up 45 percent year-on-year

2022-04-19 0 By

During the Spring Festival holiday, many people are idle and start to consume. In some shopping malls, some people are inquiring about gold ornaments.Young man, do you buy gold jewelry?The Ministry of Industry and Information Technology (MIIT) recently released the operation of gold industry in 2021 on its website.In 2021, China’s gold consumption reached 1,121 tons, up 36.5 percent year on year.Among them, gold jewelry consumption was 711.3 tons, up 45% year on year;The consumption of gold bars and coins was 312.9 tons, up 26.9% year on year.Industrial and other areas of consumption of 96.8 tons, up 15.4 percent year on year.Before the Spring Festival, many people start shopping to prepare for the Spring Festival.After a busy year, many people get back to life and start shopping and spending during the Spring Festival.People could be seen near some shopping malls carrying large and small bags, intending to take them home.Some families get together at the end of the year to go shopping and shopping in supermarkets.Some people buy clothes, some people buy gold and silver jewelry, and some people buy all kinds of cosmetics.From these scenes, we can see the strong shopping demand and consumption strength.News from the statistics department also showed that consumer spending continued to recover.With the continuous recovery growth of residents’ income and gradual release of consumer demand, consumer spending has maintained a recovery rebound trend.We can see that many families have consumption demand.According to the China Gold Association, China’s gold industry will run smoothly in 2021, with output declining and consumption rising sharply.Production fell year on year.China produced 443.6 tons of gold in 2021, down 7.5 percent year on year.Among them, the supply of domestic gold raw materials is tight, using domestic raw materials to produce 329 tons of gold, down 10% year on year;114.6 tons of gold were produced from imported raw materials, up 0.4% year on year.Consumption increased year on year.In 2021, China’s gold consumption reached 1,121 tons, up 36.5 percent year on year.Among them, gold jewelry consumption was 711.3 tons, up 45% year on year;The consumption of gold bars and coins was 312.9 tons, up 26.9% year on year.Industrial and other areas of consumption of 96.8 tons, up 15.4 percent year on year.Domestic gold prices fell year on year.In 2021, the average international gold spot price will reach us $1798.6 / oz, up 1.6% year-on-year, while the average domestic gold spot price will reach 373.7 yuan/g, down 3.7% year-on-year.Market turnover fell year on year.In 2021, the total transaction volume of all gold varieties in Shanghai Gold Exchange was 34,800 tons (bilateral), down 41% year-on-year, and the transaction volume was 13.08 trillion yuan, down 42% year-on-year.The total turnover of all gold varieties on the Shanghai Futures Exchange was 97,100 tons (bilateral), down 11.3% year-on-year, and the turnover was 34.19 trillion yuan, down 17.5% year-on-year.During the Spring Festival holiday, many shopping malls are selling gold ornaments, and many families are consulting and purchasing. How much have you bought?What did you buy for your family?Huashang Daily reporter Huang Tao